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Lifesafe Holdings Plc ( (GB:LIFS) ) has issued an announcement.
LifeSafe Holdings Plc reported its final results for the year ended 31 December 2024, highlighting a strategic shift from a direct-to-consumer model to a business-to-business-to-consumer (B2B2C) model. This transition, while reducing headline revenue to £3.3 million, has improved gross margins to 60.6% and significantly cut overhead costs by 40%, aligning with the company’s path to profitability. The company has secured several industrial partnerships and distribution agreements, including a significant deal with IDEX Fire & Security, which is expected to generate substantial revenue over the next three years. These developments position LifeSafe for a breakout year in 2025, leveraging its innovative fire safety products to expand its market reach.
More about Lifesafe Holdings Plc
LifeSafe Holdings Plc is a fire safety technology company that develops eco-friendly and innovative fire extinguishing and prevention fluids and life-saving fire safety products. The company has created a market-disrupting range of eco-friendly fire safety protection products, including a patent-pending Thermal Runaway Fluid to combat lithium battery fires and the StaySafe All-in-1 extinguisher. LifeSafe is expanding its market presence through innovative technologies and multi-channel sales strategies.
YTD Price Performance: -18.92%
Average Trading Volume: 40,864
Technical Sentiment Signal: Hold
Current Market Cap: £3.59M
See more data about LIFS stock on TipRanks’ Stock Analysis page.